Central Asia, northwest of China; a small portion west of the Ural (Zhayyq) River in eastern-most Europe

continental, cold winters and hot summers, arid and semiarid

Natural hazards:
earthquakes in the south; mudslides around Almaty

Currency: Tenge (KZT)
1 EUR = 352.42 Tenge - KZT (December 31st, 2016)
1 EUR = 371.31 Tenge - KZT (December 31st, 2015)
1 EUR = 221.97 Tenge - KZT (December 31st, 2014)
1 EUR = 211.17 Tenge - KZT (December 31st, 2013)
1 EUR = 199.22 Tenge - KZT (December 31st, 2012)
1 EUR = 191.72 Tenge - KZT (December 31st, 2011)
1 EUR = 195.23 Tenge - KZT (December 31st, 2010)

National Bank of Kazakhstan
Agency of the Republic of Kazakhstan on Regulation and Supervision of Financial Market and Financial Organizations

Insurance statistics

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FY2012Insurance market overview pdf
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1H2011Insurance market overviewpdf
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2010Insurance market overviewpdf
2010Market portfolio and rankingsxls
2009Insurance market overviewpdf
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1H2010Kazakh insurance market overviewpdf
1H2010Market portfolioxls
1H2010Life and non-life insurance rankingsxls

Kazakhstan FY2017 Market Portfolio

Kazakhstan FY2017 Insurance Companies Ranking

See all statistics

KAZAKHSTAN: Fitch Upgrades AMANAT Insurance's National IFS to 'BB+(kaz)'; Affirms IFS at 'B'

Fitch Ratings has upgraded Kazakhstan-based AMANAT Insurance's (AMANAT) National Insurer Financial Strength (IFS) rating to 'BB+(kaz)' from 'BB(kaz)' and affirmed its IFS at 'B'. The Outlooks are Stable. KEY RATING DRIVERS The upgrade of the National IFS reflects AMANAT's improved regulatory capital position after a capital injection and substantial strengthening of the net profit in 2015. AMANAT's shareholder injected KZT560m into the company in 2015 to support the regulatory solvency margin.

Insurance market of KAZAKHSTAN slows down each year

With the motorization growth in of the population, the dynamics of compulsory insurance premiums on of civil liability of vehicle owners slows down each year. According to statistics, the growth of premiums in this segment amounted to 10% in 2012-2013, in 2013-2014 it showed a decline of 2.3%. Experts say that the decreasing tendency in collection of insurance premiums on compulsory insurance of civil liability of vehicle owners continues. At the same time, the costs of insurance companies for payments are growing. Over the past three years, this figure has increased by 24%. According to experts, these changes are already making adjustments to the development of the market.

KAZAKHSTAN: Insurance market will start working within the new legal framework

In 2016, the insurance market of Kazakhstan will start working within the new legal framework. In particular, starting from 2016 legislative amendments will come into force establishing a single procedure for assessing damages in an accident. The insurer will be obliged to independently assess the damage of the vehicles without independent appraisers, in accordance with the legal act of the National Bank of Kazakhstan. According to the market participants, this new rule will significantly reduce the percentage of fraudulent schemes during the calculation of property damage assessment.

KAZAKHSTAN to launch insurance system for agricultural sector

In order to improve the investment attractiveness of the industry, "KazAgro" holding is working on the development of insurance in the agricultural sector, chairman of the Board of "National Holding "KazAgro" JSC Nurlybek Malelov said at a press conference.